First Advantage (FA) Free Cash Flow (2020 - 2026)
First Advantage's (FA) quarterly Free Cash Flow came in at $58.7 million in Q2 2026, up 127.68% on a YoY basis from $25.8 million in Q2 2025, and up 62.1% quarter-over-quarter from $36.2 million in Q1 2026.
Analysis
First Advantage (FA) Free Cash Flow (2020 - 2026) Analysis & Trends
First Advantage (FA) has reported Free Cash Flow for 7 consecutive years, with $58.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 127.68% year-over-year to $58.7 million; the trailing twelve-month figure through Jun 2026 stood at $207.8 million (up 924.99% YoY), and the FY2025 full-year result was $147.5 million, up 6379.57% from the prior year.
- Free Cash Flow grew to $58.7 million in Q2 2026 per FA's latest filing, from $36.2 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $63.9 million in Q4 2022 and bottomed at -$95.8 million in Q4 2024.
- Historically, Free Cash Flow has averaged $31.5 million across 5 years, with a median of $36.1 million in 2024.
- The sharpest annual moves came in 2024 and 2026: Free Cash Flow sank 292.01% in 2024, then soared 309.67% in 2026.
- Over 5 years, Free Cash Flow stood at $63.9 million in 2022, then slipped by 21.88% to $49.9 million in 2023, then tumbled by 292.01% to -$95.8 million in 2024, then jumped by 155.16% to $52.9 million in 2025, then gained by 11.1% to $58.7 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $58.7 million, $36.2 million, and $52.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Okta | 29.81 Bn | 27.51 Bn | 641.00 Mn | 228.00 Mn |
| 2 | SailPoint | 10.00 Bn | 9.60 Bn | 181.11 Mn | 33.49 Mn |
| 3 | Clear Secure | 4.31 Bn | 3.35 Bn | 276.82 Mn | 188.98 Mn |
| 4 | First Advantage | 3.50 Bn | 3.26 Bn | 203.99 Mn | 58.73 Mn |
| 5 | Cyberloq Technologies | 3.35 Bn | 3.35 Bn | - | -195,823.00 |
| 6 | Red Violet | 1.04 Bn | 986.67 Mn | 22.90 Mn | 7.28 Mn |
| 7 | Mitek Systems | 769.78 Mn | 670.07 Mn | 45.92 Mn | 25.32 Mn |
| 8 | OneSpan | 613.27 Mn | 569.93 Mn | 44.48 Mn | -3.28 Mn |
| 9 | Intellicheck | 52.84 Mn | 41.00 Mn | 5.42 Mn | 1.77 Mn |
| 10 | Aware | 26.20 Mn | 23.30 Mn | 2.73 Mn | -2.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 58.73 Mn |
| Mar 31, 2026 | 36.23 Mn |
| Dec 31, 2025 | 52.86 Mn |
| Sep 30, 2025 | 60.01 Mn |
| Jun 30, 2025 | 25.79 Mn |
| Mar 31, 2025 | 8.84 Mn |
| Dec 31, 2024 | -95.83 Mn |
| Sep 30, 2024 | 36.00 Mn |
| Jun 30, 2024 | 25.28 Mn |
| Mar 31, 2024 | 32.19 Mn |
| Dec 31, 2023 | 49.91 Mn |
| Sep 30, 2023 | 28.01 Mn |
| Jun 30, 2023 | 26.75 Mn |
| Mar 31, 2023 | 32.54 Mn |
| Dec 31, 2022 | 63.89 Mn |
| Sep 30, 2022 | 40.35 Mn |
| Jun 30, 2022 | 49.24 Mn |
| Mar 31, 2022 | 36.94 Mn |
| Dec 31, 2021 | 60.30 Mn |
| Sep 30, 2021 | 23.28 Mn |